Too bad there is so much rust on this rare tambourine, one of the better designs out there. This Art Deco inspired noisemaker was manufactured by T. Cohn of Brooklyn, New York, sometime during the 1930s. It has an RSIN of 2, so you know it doesn't surface often. Guide value in near-perfect condition is $375, but I doubt this well-loved piece will approach that figure.
Mark B. Ledenbach's vintage Halloween collectibles blog.